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High Tech Series B Founded 2017

CoreTigo

CoreTigo provides industrial wireless automation solutions, offering high-performance machine digitalization, wireless connectivity, and edge computing to enhance manufacturing efficiency and flexibility. The company develops wireless communication systems that replace traditional wired connections in industrial environments, enabling greater flexibility in factory floor layouts, reduced installation costs, and…

📍 Netanya, Israel · Internet of Things Infrastructure

Funding snapshot

Last roundSeries B
Amount$27M
Date15 February 2023
Total raised$27M
Team size20

About

CoreTigo provides industrial wireless automation solutions, offering high-performance machine digitalization, wireless connectivity, and edge computing to enhance manufacturing efficiency and flexibility. The company develops wireless communication systems that replace traditional wired connections in industrial environments, enabling greater flexibility in factory floor layouts, reduced installation costs, and improved scalability for Industry 4.0 applications. CoreTigo's solutions support industrial IoT connectivity for sensors, actuators, and machine components, with products designed for harsh industrial environments requiring reliable, low-latency communication. The company serves manufacturing, automotive, and industrial automation sectors. Founded in 2017 and headquartered in Netanya, Israel, CoreTigo has raised approximately $27 million in Series B funding from investors including Qualcomm Ventures, Sierra Ventures, Magma Venture Partners, Verizon, Lenovo, EIC Fund, and Cardumen Capital.

Business model

Internet of Things Infrastructure > IoT Devices > Communication Devices

Team background

Company Wise > Apple,

College Wise > Tel Aviv University

Institutional investors

Qualcomm Ventures Sierra Ventures Magma Venture Partners Cardumen Capital Meron Capital Verizon Lenovo EIC Fund Europa Neva SGR Amazon Industrial Innovation Fund Emerson Meitav 7GC Lenovo Capital and Incubator Group

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